Financial information provider FundFire and Atlassian Ventures, an investment subsidiary of enterprise software developer Atlassian, has taken part in a $65m series B round for Canada-based data recovery software provider Rewind.
Private equity and venture capital firm Insight Partners led the round, which also included Bessemer Venture Partners, Inovia Capital, Ridge Ventures, ScaleUp Ventures and Union Ventures.
Founded in 2015, Rewind provides a data backup and recovery service for businesses using software-as-a-service (SaaS) platforms such as Shopify, GitHub and Trello. More than 100,000 customers use the platform to back up their SaaS applications.
Mike Potter, Rewind’s co-founder and chief executive, said: This latest round of funding will allow us to expand our reach, bring additional SaaS backup solutions to the market and raise awareness for the need to include all cloud and SaaS applications in a business’s backup and recovery strategy.”
Rewind pulled in $15m in its series A round, which was led by Inovia Capital in January this year, investing together with Fundfire, Ridge Ventures, Bessemer Venture Partners, ScaleUp Ventures, Mistral Venture Partners and unnamed angel investors.
ScaleUp Ventures had previously led a seed round of undisclosed size for the company, according to an official statement describing the series A round.